1 / 10

Budget Overview

Budget Overview. Diana Keelen August 19, 2011 Revised August 26, 2011. 2010-2011 Unrestricted Fund Actuals*. Beginning Fund Balance $ 6,035,017 Revenues $61,022,921 Expenditures $58,291,018 Ending Fund Balance $ 8,766,920 Surplus/(Deficit) $ 2,731,903

red
Télécharger la présentation

Budget Overview

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Budget Overview Diana Keelen August 19, 2011 Revised August 26, 2011

  2. 2010-2011 Unrestricted Fund Actuals* Beginning Fund Balance $ 6,035,017 Revenues $61,022,921 Expenditures $58,291,018 Ending Fund Balance $ 8,766,920 Surplus/(Deficit) $ 2,731,903 Reserve % 15.04% Assigned Reserve $ 5,852,369 Unassigned Reserve $ 2,914,551 Unassigned Reserve % 5.00% * Subject to Audit Adjustments

  3. 2011-2012 California Budget Risks • California Budget includes the following that are still uncertain: • $1.7 bil from Redevelopment Agencies • $1.3 bil from Medi Cal • $200 mil from Amazon Taxes • Others include the rural homeowner’s fire fee Source: Chancellor’s Office southern budget workshop August 17, 2011

  4. 2011-2012 California Budget • California budget contains triggers if revenue assumptions are not realized • Tier 0- $0 cuts if $3 bil of $4 bil revenues received • Tier 1 trigger-if $2 bil realized of $3 bil, $30 mil cuts to CCCs and fee increases to $46 per credit unit (highly probable) • Tier 2 trigger-if less than $2 bil, additional $72 mil in cuts to CCCs above Tier 1 • Added deferrals to CCCs went by $129 mil from $832 mil last year to $961 mil this year Source: Chancellor’s Office budget update July 2011

  5. 2011-2012 Unrestricted Fund Revenue Assumptions • No Growth • No COLA • No restoration of categorial programs • Prior Year Recalculation • Mid-Year Cuts • Deficit Co-Efficient of 0.99548485 for student fee shortfall due to BOG Waivers • Reduction of 936.57 FTES to Base Funding (Covers Tier 2) • No mandated cost reimbursement • Fee increase from $26 per unit to $36 per unit • Additional deferrals of $1,843,938 now totalling $13,736,624 for AVC

  6. 2011-2012 Unrestricted Fund FTES, Revenue and Base Tier Impact • Current Base FTES: 11,371.05 • Tier 0 = (706.47) FTES or ($3,223,949) New Base 10,664.58 • Tier 1 = (774.18) FTES or ($3,532,954) New Base 10,596.87 • Tier 2 = (936.57) FTES or ($4,274,565) New Base 10,434.48

  7. 2011-2012 Unrestricted Fund Expenditures Changes Summary

  8. 2011-2012 Unrestricted Fund Expenditures Changes Summary

  9. 2011-2012 Unrestricted Draft Adopted Budget Beginning Fund Balance $ 8,766,920 Revenues $56,689,885* Expenditures $58,062,326 Ending Fund Balance $ 7,394,478 Surplus/(Deficit) $ (1,372,441) Reserve % 12.74% Assigned Reserve $ 5,852,369 Unassigned Reserve $ 2,914,551 Unassigned Reserve % 5.02% * Includes anticipated prior year recalculations and mid-year cuts

  10. 2012-2013 System Budget Request • $313 million for categorical restoration • $793 million for past COLAs = more than 13% of back COLAs) and a 2.38% COLA for 2012-2013 • $377 million for growth/restoration *$1.483 billion total* No mention of plan for deferral recovery Source: Chancellor’s Office Southern Budget Workshop August 17, 2011

More Related